– by New Deal democrat Sometimes producer prices lead consumer prices; sometimes they don’t – but in the sense that sometimes there is no lag at all before increases show up in consumer prices. In any event, overall the message from the producer price index this morning was benign, with very little pressure “in the pipeline” for consumer inflation.To begin with, raw commodity prices (red) declined -1.2% in September, continuing their 2+ year...

The old model of a single doc running a practice is disappearing in America. Between the overhead and the reduced compensation, this model of health care delivery looks increasingly anachronistic.When I started as an assistant professor at a medical school in 1987, there was a lot of money sloshing around. Patients and their insurance companies would pay a premium to be seen by docs in an academic health care practice. Managed care put an end to that,...

from Peter Radford “Mathematics is the art of the perfect.  Physics is the art of the optimal.  Biology, because of evolution, is the art of the satisfactory”. That’s Sydney Brenner speaking.  He should know a thing or two.  He won a Nobel Prize. It’s a shame, is it not?  Economies are always changing.  Not just in terms of innovation and all the normal things we think of as change, but also in more simple terms: in the people making up an economy change.  They are born and they die.  And...

Catch some good articles in The Atlantic. Usually take this on a long flight to read. He is all set for Halloween. The Atlantic came out for Kamala Harris. Guess they do not think much of the orange one. Scare the kids on Halloween and keep the candy. This is just a partial. If you like it, I can post the rest. It is a good read. The Atlantic, for the fifth time in its 167-year history, is endorsing a candidate for president: Kamala Harris....

One of several articles I picked up on over the last few days. and decided to post at Angry Bear. Younger people are having to overextend themselves financially to buy housing. Not so different than a few decades ago. Except they are more in debt and more apt to go bankrupt due to a lost job, etc. Income does not appear to be keeping up with the price of housing and loan interest rates. Or perhaps, mortgage increases have outstripped income? A...

by Claudia Sahm Stay at Home Macro Companies aren’t so worried that they’re letting a lot of people go, but they’re also not so confident that they’re hiring a lot of people. This post, an excerpt from my (Sahm) new Bloomberg Opinion piece, is very important to me. I worry most about the drop in the hiring rate now—not so much about it being recessionary but about the lost potential. Also, there’s some personal news at the end. The...

– by New Deal democrat Today’s CPI report for September came in almost exactly as I suggested it would in my preview yesterday. To wit:  – Headline CPI continued increased 0.2% for the month, and decelerated to 2.4% YoY, its best showing since February of 2021.   – On a 3 month annualized basis, prices are increasing 2.1%. On a 6 month annualized basis, they are only increasing 1.6%.   – energy inflation remains non-existent, with another...

Nobody sees this trade and that’s why I love it so much. 

by Bill McBride Calculated Risk Newsletter NOTE: The tables for active listings, new listings and closed sales all include a comparison to September 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in September. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables...

[unable to retrieve full-text content]Explore how U.S. influence shapes Israel’s role in the Middle East conflict, challenging notions of sovereignty in a broader global war involving NATO, Palestine, and BRICS nations like China and Russia. The post Sovereignty in Crisis: Israel, Palestine, and America’s Global Agenda first appeared on Michael Hudson.